Utilities Select Sector SPDR Fund (NYSEARCA:XLU) was the recipient of a large decline in short interest in November. As of November 15th, there was short interest totalling 51,983,692 shares, a decline of 9.9% from the October 31st total of 57,725,492 shares. Based on an average daily volume of 23,644,673 shares, the short-interest ratio is presently 2.2 days.

Shares of Utilities Select Sector SPDR Fund stock opened at $56.19 on Thursday. Utilities Select Sector SPDR Fund has a twelve month low of $47.37 and a twelve month high of $56.81.

Institutional investors have recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. increased its stake in Utilities Select Sector SPDR Fund by 34.8% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 144,711 shares of the exchange traded fund’s stock worth $7,519,000 after buying an additional 37,356 shares in the last quarter. IndexIQ Advisors LLC purchased a new stake in Utilities Select Sector SPDR Fund during the 2nd quarter worth approximately $1,237,000. Farmers & Merchants Trust Co of Chambersburg PA increased its stake in Utilities Select Sector SPDR Fund by 80.4% during the 2nd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 8,930 shares of the exchange traded fund’s stock worth $464,000 after buying an additional 3,980 shares in the last quarter. Spinnaker Trust increased its stake in Utilities Select Sector SPDR Fund by 2.0% during the 2nd quarter. Spinnaker Trust now owns 64,328 shares of the exchange traded fund’s stock worth $3,342,000 after buying an additional 1,269 shares in the last quarter. Finally, Hugh Johnson Advisors LLC increased its stake in Utilities Select Sector SPDR Fund by 1.5% during the 2nd quarter. Hugh Johnson Advisors LLC now owns 89,171 shares of the exchange traded fund’s stock worth $4,633,000 after buying an additional 1,284 shares in the last quarter.

WARNING: This article was posted by Watch List News and is the sole property of of Watch List News. If you are viewing this article on another website, it was copied illegally and reposted in violation of U.S. & international trademark and copyright legislation. The original version of this article can be accessed at https://www.watchlistnews.com/utilities-select-sector-spdr-fund-xlu-short-interest-down-9-9-in-november/2663318.html.

Utilities Select Sector SPDR Fund Company Profile

Select Sector Utilities Select Sector SPDR Fund (the Fund), formerly Utilities Select Sector SPDR Fund, seeks to provide investment results that correspond to the price and yield performance of the Utilities Select Sector of the S&P 500 Index (the Index). The Index includes companies from industries, such as electric utilities, multi-utilities, independent power producers and energy traders, and gas utilities.

See Also: Tariff

Receive News & Ratings for Utilities Select Sector SPDR Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Utilities Select Sector SPDR Fund and related companies with MarketBeat.com's FREE daily email newsletter.